Captives and Solvency II

International Perspectives & Issues | Alan Fleming | Chairman | Airmic | World Captive Forum 2015

Recorded prior to Solvency II's implementation, Alan Fleming of Airmic warns that Solvency II in the European Union has the potential to make it very expensive for captive insurance companies to remain in business because it is written by and for major insurance companies. For captive insurance companies, the relative implementation costs imposed by Solvency II's unified regulations may be very costly unless proportionality is applied.